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Dubai Financial Market

GGICO postpones capital reduction
Dubai-listed firm Gulf General Investment Co. (GGICO) has postponed its planned capital reduction programme “until
Arabtec bidding on $4bn UAE projects as Q1 net profit grows 261%
Group CEO Hamish Tyrwhitt says Q1 results reflect "transformation initiatives", with the firm set to
Q2 2017 asset review leads Dubai's Union Properties to $626m net loss
Chairman Nasser Butti Omair bin Yousef says 2017 was "a major turning point" for the
Dubai Investments to sell Emicool stake in Q4 2018
Dubai Investments plans to sell shares in its district cooling unit Emicool in Q4 and
DFM adds Emaar Development to general index
Shares for Emaar Development will be added to the Dubai Financial Market general index (DFMGI)
Amanat Holdings appoints new chairman, managing director
Hamad Abdulla Alshamsi has been elected as chairman of Amanat's board of directors, while Dr
Emaar Development falls short on listing debut
Shares prices for Emaar Development made a lower than expected debut at AED5.61, down 4.3% on Wednesday, according to
Union Properties downsizes contracting unit to 'closure level'
The listed developer said its MEP subsidiary, Thermo LLC, "faced significant issues, and is still

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Construction Week - Issue 737
Apr 14, 2019